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Great for throwing my Titanium Time Bomb in my bag when popping through airport security and any other time I want to store it in my bag.  Protects just like the sunglass soft vault.  Doesn't fit many of my newer watches though.
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Not too many small watches made by Oakley.  But for those of you with a .5 or small Icon, this is perfect for you.  In the world of cases, you definitely want whichever case will "fit like a glove".